China says Maldives is not ‘mired in a Chinese debt trap’

China says Maldives is not ‘mired in a Chinese debt trap’

BEIJING: The Maldives are not "mired in a Chinese debt trap", the Chinese government's top dipl..

BEIJING: The Maldives are not "mired in a Chinese debt trap", the Chinese government's top diplomat told the visiting Maldivian foreign minister, amid fears in the Indian Ocean country of debts as high as US$3 billion owing to Beijing.

The Indian Ocean island chain has been caught in a battle for influence between India and China, which invested millions of dollars during the rule of the pro-China former leader Abdulla Yameen as part of China's Belt and Road plan, designed to improve its global trade reach.

Advertisement

Advertisement

The ruling Maldivian Democratic Party, which won a landslide in the archipelago's parliamentary election in April, fears the debts to China could run as high as US$3 billion and risk sinking the economy.

Meeting Maldivian Foreign Minister Abdulla Shahid in Beijing, Chinese State Councillor Wang Yi said China's cooperation with the Maldives would not be affected by the change of government, China's foreign ministry said in a statement late on Friday.

"China's cooperation with the Maldives aims to promote the well-being of the Maldivian people, without political intentions and without seeking geopolitical interests," the ministry cited Wang as saying.

China provides what help it can to the Maldives without attaching political preconditions, and does not interfere in the its internal affairs, Wang added.

Advertisement

Advertisement

"It is totally without basis to say that 'the Maldives is mired in a Chinese debt trap'," he said.

The Chinese statement quoted Shahid as saying no country in the world had been as generous to helping the Maldives, pointing to the building of infrastructure

CATEGORIES
Share This